Buffets names CFO, announces Minneapolis remodel plans

By Katherine Boccaccio

Eagan, Minn. -- Steak buffet chain Buffets Inc. said that it has appointed Keith Kravcik as its CFO. The company also created a new position – director, office of the CEO and corporate administration – and promoted Jackie Fiebelkorn to the slot.

Kravcik will be responsible for all finance, accounting, purchasing and IT functions as well as continuing to strengthen the back office services organization. Fiebelkorn will lead the office for the CEO and oversee administrators throughout the organization.

"Positioning these key roles in Minnesota coupled with the planned Main Street rollout re-affirms the company's commitment to the greater Minneapolis market," said Anthony Wedo, CEO of Buffets, Inc. "As we move to the next phase of our turnaround and continued re-invention of our brands, having a pro like Keith with significant hands-on experience in large organizations will be critical to our success."

Kravcik most recently served as group VP and corporate controller for Supervalu.

According to Wedo, the steak buffet chain will invest in the Twin Cities by remodeling local restaurants. Buffets has chosen the Twin Cities to be among the first markets to be part of their new Main Street initiative, pairing a complete food and operations revamp with new and contemporary decor. The Main Street effort will take place in the Twin Cities and Denver over the next six months.